Interest rate hike now unavoidable in Nigeria, says FDC
With Nigeria’s inflation rate at a four-year high, an increase in interest rates is not only imminent but now inevitable,
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Author: Markets Reporters
Dangote Cement gets board’s nod to tap debt market
Dangote Cement Plc, Africa’s largest cement producter, has said it is contemplating debt funding options under its planned N300 billion
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One year of remote trading: The NSE experience
By NSE A year ago, the Nigerian Stock Exchange made the bold move to activate its business continuity plan, which
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Stanbic IBTC posts 11% profit rise, boosts dividend
Stanbic IBTC Holdings Plc has said its 2020 full-year profit after tax rose by 10.89 percent to N83.21 billion. The
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Tesla now accepts bitcoin from vehicle buyers – Elon Musk
The Chief Executive Officer of Tesla, Elon Musk, announced late Tuesday that it is now possible to buy Tesla vehicles
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Lafarge Africa reports 73% profit drop, proposes N16bn dividend
Lafarge Africa Plc has posted a profit after tax of N30.84 billion for the 2020 financial year, down from N115.10
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CBN disburses N1.49trn to farmers amid rising food inflation
The Central Bank of Nigeria said on Tuesday that it had so far disbursed N1.49 trillion to 3,038,649 farmers to
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Airtel to sell tower firms in Madagascar, Malawi for $108m
Airtel Africa has announced the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios
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Ecobank Group posts 68% drop in annual profit
Ecobank Group has said its profit after tax for the 2020 financial year dropped by 68 percent to $88.3 million
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Dangote Cement’s profit rises 38%, revenue hits N1.03trn
Dangote Cement Plc, Africa’s largest cement producer, saw its profit after tax for the 2020 financial year rise by 37.7
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